(833) 839-2274  157 N State Road 7, Plantation, FL 33317

BlogBlogHow To Get A Loan Despite Bad Credit

How To Get A Loan Despite Bad Credit

Despite Bad CreditHaving a bad credit score does not necessarily eliminate you as a candidate for a loan. There may be some loans that you will not be able to obtain, but one that you could is the car title loan. This type of loan can be obtained by anyone who owns a car or truck that is paid for (or almost paid off, in some cases). The great thing for those who have bad credit is that car title loans do not require a credit history check.

Companies like Embassy Loans in Florida have been helping customers obtain car title loans for almost a decade. Embassy Loans is one of the state’s leading consumer finance companies and makes the process of obtaining a car title loan very easy. Customers must first fill out an application, which can be done in person at one of the company’s many locations or online. The application takes just a few minutes to complete.

When the application is done, applicants will be asked to present proof of their identity as well as their residency. Most people will present their driver’s license and a utility bill. Once this is complete, an applicant must have the vehicle inspected. Embassy Loans offers customers 21 different inspection stations throughout the state from which to choose. All vehicles are assessed for their value. Also, the vehicle and title are compared to make sure that the two match.

After the title has been verified and the car appraised, the final loan documents can be drawn up. The borrower will sign them and a check can be issued or the money can be directly deposited into a borrower’s bank account. The entire process takes on average an hour. Many auto title loans are completed in just a few hours.

One of the reasons why a car title loan takes much less time than a conventional bank loan is because there is no need for a credit or background check. Since the loan is secured by the vehicle, there is no need to check credit. If the borrower fails to repay the loan, the title loan company can take possession of the vehicle. If this should happen, most title loan companies will sell the vehicle to recover some or all of their losses.

For those with poor credit, the car title loan is the perfect way to access cash when needed. Car title loans are quick, easy to obtain, and are often help people overcome severe financial troubles.



Embassy Loans is a leading provider of auto title loans since 2005

Get In Touch

Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

Monthly Interest Rates range from 1.5% to 2.5% (18% to 30% APR), with 15-18 Month Terms.

No Prepayment Penalties!

Embassy Loans uses “Title Loans” for advertisement purposes only and provides auto equity loans. Embassy Loans Inc. is licensed under the “Florida Consumer Finance Act” under Florida Statute 516 and as such Embassy Loans is exempt from any licensing requirements under the “Florida Title Loan Act” to the extent that any of Embassy Loans’ activities involve the making of a loan of money to a consumer secured by bailment of a certificate of title to a motor vehicle.

© 2024 · Embassy Loans · Site built by DMA

Frequently Asked Questions

What is an Auto Equity Loan?

An auto equity loan, sometimes known as a car title loan or a car equity loan, is a type of loan that allows you to borrow money by using your vehicle as collateral. The loan is secured by your vehicle, meaning you agree to use the equity in your car to back the loan. 

What is an Unsecured Personal Loan

An unsecured personal loan is a loan that does not require collateral. Funds are provided based on your credit worthiness and your ability to repay. 

What Is the Credit Builder Program

The credit builder program is designed to help individuals establish or improve their credit score with the primary purpose of building a positive credit history through regular payments.

Can i have more than one Loan at a time?

Embassy Loans can only extend one loan at a time and it’s advisable to start with one and focus on making payments in a timely manner to prevent default.

What happens if I miss a payment?

Missing a payment can have negative consequences, including late fees, a drop in your credit score, and potential default on the loan. Consistent, on-time payments are crucial to benefit from the program.